Fannie Mae, the US mortgage behemoth rescued during the 2008 financial crisis, will pay a $59.4bn dividend to the US Treasury, raising the prospect that taxpayers will soon receive a profit from the bailout.
The company took $116.1bn in public funds to cover losses on trillions of dollars of mortgages it had purchased or guaranteed. The latest payout will take the total dividends it has paid to the Treasury to $95bn.
Fannie Mae and rival Freddie Mac remain under government conservatorship as they await political direction on how they should be wound down .
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